Fancamp Exploration Ltd.
TSX VENTURE : FNC

Fancamp Exploration Ltd.

June 21, 2010 15:52 ET

Fancamp Closes Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2010) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) (the "Company") wishes to announce the closing of a non-brokered private placement of $200,000 through the sale of 360,000 flow-through units (the "FT Units") at $0.50 per FT Unit and 40,000 units (the "Units") at $0.50 per Unit. Each FT Unit consists of one flow-through common share, and one-half of one non-flow-through share purchase warrant (the "Warrants"). Each Unit consists of one common share, and one-half of one non-flow-through share purchase warrant (the "Warrants"). Each whole Warrant is exercisable into one common share at a price of $0.75 per share until June 15, 2012, subject to earlier forced acceleration in the event the Company's shares close at a price of $1.00 per share or more for 30 consecutive trading days after the four month hold expires. The shares are subject to a four month hold period expiring October 16, 2010.

The funds will be used to further exploration of the Company's properties in the recently acquired Stoke Mountain and Clinton base metal-gold prospects in Quebec's Appalachian Mountain trend.

ON BEHALF OF THE BOARD

Peter H. Smith, PhD., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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